Institutional Investors' Divergent Views on Toast (TOST)

2024-03-12

Toast (TOST) had recently garnered significant attention from both hedge funds and ETFs, as revealed during the meeting held on the quarter ending 2023-12-31. At that time, 436 hedge funds collectively held 359,608,148 shares of TOST, while 26 ETFs possessed 9,212,237 shares of the company.

Among the top institutional holders of TOST shares were Vanguard Group Inc, Capital International Investors, and BlackRock Inc. These institutions demonstrated their confidence in the company by holding substantial amounts of TOST shares in their portfolios.

During the last quarter, there was active trading of TOST shares among hedge funds, with 187 funds buying and 140 funds selling. This dynamic activity indicated a variety of opinions and strategies regarding TOST within the hedge fund community. Notably, 48 hedge funds doubled down on their positions in TOST, reflecting an increased bullish sentiment towards the company.

Conversely, 9 hedge funds opted to sell at least 90% of their TOST shares, signaling a bearish outlook from some investors. Among the most pessimistic institutions towards TOST were Millennium Management LLC and Goldman Sachs Group Inc, while Blue Owl Capital Holdings LP and Price T Rowe Associates Inc emerged as some of the most optimistic institutions.

The data presented during the meeting, sourced from sharkstracker.com, offered a data-driven insight into the market sentiment surrounding TOST. It became evident that institutional investors held a diverse range of opinions and strategies concerning the company, highlighting the varying perspectives within the investment community.